Since the beginning of 2023, bitcoin has set an upward course in price, going from $16,500 to more than $26,000 by the first days of June and, on a monthly scale, the returns of this 2023 have been positive, accumulating 3 of the first 5 months of the year with substantial numbers.
Closing monthly bitcoin yields – Source: Cryptorank
The data that emerges from the Cryptorank portal indicates that bitcoin closed in negative numbers in may. The price was moving between $29,764 as the upper band, and $25,986 as the lower band.
for the month of January, bitcoin returned more than 39%, later in February, it closed with a slight setback, with a negative balance of 0.01%, in March obtained positive returns accumulating more than 26% in that period, and April with a yield of just over 3%.
Then, the month of May closed in negative, with 7.1% less compared to the previous month. Despite this negative closing in the month of May for bitcoin, it is important to note that the cryptoactive has had a performance above 66% year to date.
The banking crisis, inflation and the approval of the Mica regulation in Europe are some of the important aspects to highlight that have influenced the market in the first 5 months of this 2023, so busy for the crypto ecosystem.
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